Vnet (VNET) FCF Margin (2014 - 2026)
Vnet (VNET) posted FCF Margin of 62.09% for the quarter ended Jun 30, 2026, down 29.81 percentage points from 91.89% a year earlier and down 9.49 percentage points from the prior quarter.
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Analysis
Vnet (VNET) FCF Margin (2014 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at Vnet was 83.33%, down 10.43 percentage points year-over-year; for the year ended Dec 31, 2025, it was 96.24%, up 11.01 percentage points from the prior year.
- Annual FCF Margin shows a five-year change of -489580.76 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Vnet's FCF Margin was 85.23% in the year ended Dec 31, 2024 (+17.36 pp), 67.87% in the year ended Dec 31, 2023 (-9.07 pp), 76.94% in the year ended Dec 31, 2022 (+11.03 pp) and 65.91% in the year ended Dec 31, 2021 (-489611.09 pp).
- The figure for the quarter ended Jun 30, 2026 stands as the lowest quarterly FCF Margin since the quarter ended Jun 30, 2023.
- On a year-over-year basis, FCF Margin has declined in each of the last three quarters, with an average year-over-year change of +4.12 percentage points over the last eight quarters.
- The strongest year-over-year quarter for FCF Margin in the past five years was the quarter ended Dec 31, 2021, with a gain of 127.90 percentage points; the weakest was the quarter ended Jun 30, 2023, with a drop of 40.34 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was 71.57% (quarter ended Mar 31, 2026), 87.69% (quarter ended Dec 31, 2025) and 115.36% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,780.05 Bn | 3,703.20 Bn | 60.48 Bn | 21.82% |
| 2 | International Business Machines | 207.28 Bn | 158.18 Bn | 9.91 Bn | 13.80% |
| 3 | Cloudflare | 113.42 Bn | 96.95 Bn | 499.52 Mn | 9.71% |
| 4 | Equinix | 100.18 Bn | 88.73 Bn | 1.40 Bn | -19.47% |
| 5 | Nebius | 60.05 Bn | 33.49 Bn | 448.70 Mn | 1,357.29% |
| 6 | CoreWeave | 47.35 Bn | 34.44 Bn | 1.70 Bn | -223.03% |
| 7 | Verisign | 25.30 Bn | 22.51 Bn | 384.60 Mn | 48.96% |
| 8 | Nutanix | 18.96 Bn | 10.65 Bn | 651.35 Mn | 36.66% |
| 9 | Akamai Technologies | 15.57 Bn | 8.98 Bn | 613.75 Mn | 16.49% |
| 10 | Vnet | 1.53 Bn | -1.90 Bn | 74.45 Mn | 62.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 62.09% |
| Mar 31, 2026 | 71.57% |
| Dec 31, 2025 | 87.69% |
| Sep 30, 2025 | 115.36% |
| Jun 30, 2025 | 91.89% |
| Mar 31, 2025 | 88.49% |
| Dec 31, 2024 | 91.93% |
| Sep 30, 2024 | 103.13% |
| Jun 30, 2024 | 70.40% |
| Mar 31, 2024 | 67.06% |
| Dec 31, 2023 | 92.08% |
| Sep 30, 2023 | 74.24% |
| Jun 30, 2023 | 44.92% |
| Mar 31, 2023 | 58.91% |
| Dec 31, 2022 | 78.06% |
| Sep 30, 2022 | 67.13% |
| Jun 30, 2022 | 85.26% |
| Mar 31, 2022 | 90.45% |
| Dec 31, 2021 | 91.65% |
| Sep 30, 2021 | 50.32% |
API Access
Vnet FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=VNET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "VNET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=VNET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();